2024 Corporate Risk Development Program (Master’s)
Wells Fargo
Business Overview | As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.
Program Overview | The Corporate Risk Development Program is a professional rotational program that provides participants with development and exposure experience. Program participants build a deep understanding of the company's operations, business strategies, and corporate culture through relevant work assignments, technical training, 1:1 career coaching and performance feedback sessions, participation in group projects, group mentoring, and informative learning and networking sessions with key leaders. The program’s Master’s-level experience is designed to provide recent master’s graduates with a blend of business and career development training opportunities that provide associates with fundamental risk capabilities and the tools needed for professional growth and career advancement at Wells Fargo.
Program Placement Verticals:
- Business and Enterprise function-aligned teams including:
- Consumer & Small Business Banking Risk
- Consumer Lending Risk
- Corporate & Investment Banking Risk (Including Market Risk)
- Finance Risk
- Risk-type aligned teams including:
- Compliance Risk
- Corporate Model Risk
- Credit Risk
- Operational Risk
- Strategic Enterprise Risk Management
- Independent Testing & Validation
In this role, you will:
- Researching risk problems by determining root cause, establishing priorities, and analyzing different outcomes to recommend an appropriate solution
- Participating in deliverable creation, executing standard risk program requirements, and developing and executing risk assurance
- Offers independent, credible challenges by recommending or implementing new ideas regarding projects, assignments, or tasks at hand
- Review and research strategies and action plans to establish effective processes while meeting performance metrics and policy expectations
- Collaborate and consult with leaders and executive management
Responsibilities may include:
- Analysis of reporting and monitoring of data related to emerging risks
- Perform analysis that maximizes profits and/or asset growth, and minimizes credit and/or operating losses and other risk exposures
- Produce performance monitoring and benchmarks regarding growth, mix, delinquency, losses and overall profitability and performance
- Manipulating and analyzing large complex datasets with a programming language such as SAS, SQL, R, Matlab, Python, Stata
- Assist in developing and evaluating alternate methods for monitoring data quality to improve accuracy of data issue identification
Program start date for 2024: July
Program Location for 2024: Charlotte, NC
Required Qualifications:
2+ years of Business Operations or Leadership experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Master’s degree from a 2-year program (all disciplines including M.B.A., master’s in data sciences, analytics, engineering, etc., and/or J.D.)
Fulltime expected graduation: December 2023– May/June 2024
Desired Qualifications:
An analytical mindset with knowledge and/or experience manipulating and analyzing large complex datasets with a programming language such as SAS, SQL, R, Matlab, Java, or Python
Conveys new and creative solutions to complex technical and analytical problems by using data to tell stories to both technical and non-technical audiences
Knowledge and or experience in the financial services industry
Ability to prepare written documentation, clearly defining proposals with supporting justification
Ability to take on a prominent level of responsibility, initiative, and accountability both independently and collaboratively with internal partners and leadership
Exceptional vision and strategic orientation, leadership, verbal communication, and ability to influence a wide audience
How to Apply:
The Wells Fargo 2024 Corporate Risk Development Program Master’s Track will be accepting applications through the Wells Fargo Career website.
- To search and apply for open positions in this program, please go to https://www.wellsfargo.com/careers/ and click on “Search Jobs.”
- Search by Req#: R-273394 or by keywords, “Corporate Risk Development Program” and follow the instructions to complete your application.
Wells Fargo will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from Wells Fargo now or in the future to retain their authorization to work in the United States.
Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo. After submitting your application, please monitor your e-mail for future communications.
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state, and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.